Analysts Set Metro Inc. (TSE:MRU) PT at C$93.56

Metro Inc. (TSE:MRU) has been given an average recommendation of “Hold” by the eight brokerages that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$93.56.

A number of brokerages recently issued reports on MRU. BMO Capital Markets upgraded shares of Metro from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$92.00 to C$96.00 in a research note on Thursday, January 30th. CIBC lifted their target price on shares of Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. Royal Bank of Canada cut shares of Metro from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 21st. UBS Group lifted their price objective on shares of Metro from C$98.00 to C$99.00 in a research report on Thursday, January 30th. Finally, Desjardins lifted their price objective on shares of Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd.

Metro Trading Up 0.7 %

TSE MRU opened at C$92.50 on Friday. The firm has a 50 day simple moving average of C$91.27 and a 200-day simple moving average of C$87.01. The company has a debt-to-equity ratio of 64.18, a quick ratio of 0.41 and a current ratio of 1.10. Metro has a one year low of C$68.12 and a one year high of C$94.86. The firm has a market cap of C$20.59 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 4.06 and a beta of 0.08.

Metro Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, March 11th will be given a $0.37 dividend. The ex-dividend date is Thursday, February 13th. This is a positive change from Metro’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a dividend yield of 1.60%. Metro’s payout ratio is currently 32.76%.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.